Free Trade Agreement Panama - Peru

The Free Trade Agreement between Peru and Panama entered into force in May 2012. it provides for the elimination of import tariffs for most new industrial and energy products, including: 

• Electric motors, turbines and generators; 
• Mechanical equipment including pumps, appliances, and other advanced machinery; 
• Electric accumulators, transformers, capacitors, batteries; 
• Motor vehicles; 
• Mineral ore, slag and ash; 
• Mineral fuels, oils and other products; 
• Metals and their articles e.g. iron and steel; 
• Semiconductors devices and photovoltaic cells; 

Rules of origin delineated in the Agreement state that goods may benefit from preferential tariff treatment if wholly obtained, produced or having undergone a significant production process in one of the signatory countries, complying with regional content requirements or produced exclusively from materials originating from one of the signatory countries.

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